Asia markets mixed, dollar rises as Biden pledges huge stimulus

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Hong Kong

Asian markets were mixed Monday as traders struggled to track another record performance on Wall Street, though investors remain broadly upbeat on the prospect of a further massive stimulus for the US economy, with President-elect Joe Biden calling for a spending spree in the trillions of dollars. With vaccines being rolled out around the world and key risk events including the US election, Georgia senate runoffs and Brexit now out of the way, observers said focus is now on the expected global recovery from last year’s economic catastrophe. The need for more financial help for the world’s top economy was laid out Friday with data showing 140,000 people lost their jobs in December—the first fall since April—as virus infections and deaths surged across the country.—APP

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